May 3 (Reuters) - Gold firmed well above the $2,000 level on Wednesday, buoyed by uncertainty surrounding the U.S. debt ceiling and other economic headwinds, while investors braced themselves for the Federal Reserve's monetary policy decision.
Spot gold was little changed fell 0.06 % to $2,014.97 per ounce by 1135 GMT, after rising more than 1% on Tuesday...[LINK]
Good morning. The #preciousmetals are mostly higher in early U.S. trading.
U.S. calendar features ADP Employment Survey, Services PMI & ISM, EIA Data, #FOMC Policy Statement (+25bps exp).
The gold market is showing very little direction this morning and is also exhibiting very little in the way of volatility. That is likely to change within the next 36 hours with the Fed decision tomorrow expected to set a near-term trend for prices.
However, we think the silver market will diverge from gold with classic physical commodity market fundamentals driving silver prices.
Unfortunately for the bull camp in gold, the dollar index appears to be poised to break out to the upside of a 3-week sideways consolidation pattern today perhaps because of signs of negotiating in Washington to avoid a government shutdown...[MORE]
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Good morning. The precious metals are mostly lower in early U.S. trading.
U.S. calendar features Factory Orders (+1.3% exp), JOLTS Job Openings, Auto Sales.
2-day FOMC meeting begins.
(Reuters) - Gold prices eased on Monday as the U.S. dollar held firm, with cautious traders awaiting the Federal Reserve’s interest rate hike decision later this week.
Spot gold fell 0.5% to $1,980.78 per ounce by 0759 GMT. U.S. gold futures shed 0.5% to $1,989.20...[LINK]
Good morning. The precious metals are mixed in early U.S. trading.
U.S. calendar features Manufacturing PMI & ISM, Construction Spending.
April 28 (Reuters) - Gold prices eased on Friday as the dollar firmed in the run-up to U.S. inflation data, but economic jitters kept safe-haven bullion on course for a second consecutive monthly rise.
Spot gold edged 0.2% lower to $1,983.86 per ounce by 1145 GMT, but was up 0.8% for the month. U.S. gold futures eased 0.4% to $1,992.00...[LINK]
Good morning. The #preciousmetals are mostly lower in early U.S. trading.
U.S. calendar features ECI, Personal Income (+0.2% exp), PCE (-0.1% exp), Chicago PMI, MI Sentiment, Ag Prices.